Forums (http://www.elitetrader.com/vb/index.php)
- Forex Brokers (http://www.elitetrader.com/vb/forumdisplay.php?forumid=47)
-- What's the story with Alpari? (http://www.elitetrader.com/vb/showthread.php?threadid=238736)
What's the story with Alpari?
What's the story with Alpari? Yes, I know they sponsor the forum.
But, how do they rate?
Good, bad, Oooogly????
__________________
Not a science, but an art.
one of The oldest fx brokers, started in Moscow in 1998
never heard complaints about them
registered in London UK and New York USA where they've expanded into futures, and
may have offices elsewhere
don't believe there has been any regulator action against them anywhere
only used their demos - for a decade - I'm restricted here in BC, Canada with whom
I can trade but their Support has always been very good
probably better alternatives
I used Alpari for a long time with a demo account strictly for MT4 charting. Unless they offer a different data feed for live accounts than for demo accounts, there were quite a few frustrating lags. Lags during news volatility is understandable, but during regular breakouts is really annoying. Luckily I was doing the actual trading with Oanda so it wasn't my only source for live price, but the disruption in the price feed was frequent enough and had a long enough recovery time that it was pretty noticeable. (I actually previously wrote a blog post about it in more detail: whipplebox.com/?p=247) But if you're swing trading or holding for days at a time, maybe it's not that big a deal.
Not that I'm endorsing Oanda, because they have their frustrations, too, after all I did transfer my capital from them to a different (futures) broker. But that's another topic (and blog post).
I've had some experience with their unregulated NZ branch. They indeed had different data feeds for demo and for live accounts. Demo feed usually had faster execution but this demo feed was also used for some testing purposes. So there were sometimes disruptions in demo while the live feed was stable.
Maybe in Alpari UK the situation is somewhat similar? Again, never heard of any serious problems with this broker.
Re: What's the story with Alpari?
Quote from J-Law:
What's the story with Alpari? Yes, I know they sponsor the forum.
But, how do they rate?
Good, bad, Oooogly????
__________________
Trading is very easy job with automation.
Legitimate russian businessman. I will pass.
Re: Re: What's the story with Alpari?
Quote from oilfxpro:
requotes
Re: Re: What's the story with Alpari?
There are quite different conditions in different branches. Almost like it's different companies. As far as I know requotes are seen only in one "old-style" account type in Alpari NZ. Others have much better execution.
Quote from oilfxpro:
requotes
Re: Re: Re: What's the story with Alpari?
Quote from Alpari UK:
Requotes have been around ever since markets were allowed to float and are a natural consequence of that........
__________________
the world is so certain yet i walk on thin ice.
Re: Re: Re: What's the story with Alpari?
Quote from Alpari UK:
Hi Oilfxpro,
Thanks for your post.
Requotes have been around ever since markets were allowed to float and are a natural consequence of that.
If you are trading with the momentum of the market, and therefore by definition in the direction of least liquidity, then requotes are an inescapable fact of life that everyone has to deal with, from the busiest InterBank desks to the smallest retail trader.
The only current alternatives are DMA Pro accounts in which orders are sent on a Fill or Kill basis where although you can avoid requotes, the risk is not getting a trade in (or out) at your preferred price at all.
Alex
________
Alexander Chadwick
Alpari (UK) Representative
__________________
Trading is very easy job with automation.
Re: Re: Re: What's the story with Alpari?
fuxx you, I can only say to this!!! You guys are the reason I try to keep unassuming newbies informed. Not a single sentence in which you do not make incorrect assumptions, outright lies, and misleading statements.
a) Requotes have not been around since bucket shop fx brokers (like yours) started paddling their wares at 500:1 leverage and minimum 1 USD trade size and other nice "features" to pull money out of beginners' pockets faster than the speed of light. There were no re-quotes in other asset classes, it all started when fx hit high street.
b) There are NO requotes when trading with ECNs. Interactive Brokers (I trade with them for over 15 years now) does not requote, you see a price on the screen and that is what you pay. In fast moving market right when news hit there may be slippage which is unavoidable but generally you even have price improvement over the stated bid and ask. So don't make up stories how market participants have to accept your grey zone schemes!!!
c) Your quote: "The only current alternatives are DMA Pro accounts in which orders are sent on a Fill or Kill basis where although you can avoid requotes, the risk is not getting a trade in (or out) at your preferred price at all."
AGAIN, a BLATANT lie: You dont need any PRO account (what is that anyway, the translation of Russion VIP???) to get straight pass through, I mentioned IB, there is MB Trading, there are a number other brokers that offer STP, and then you can trade directly through Hotspot, Currenex or other ECNs given you satisfy their account opening requirements.
People like you make me puke because you disseminate misleading statements and lies and pretend everyone is as shady as you!!! Shame on you!!!
Quote from Alpari UK:
Hi Oilfxpro,
Thanks for your post.
Requotes have been around ever since markets were allowed to float and are a natural consequence of that.
If you are trading with the momentum of the market, and therefore by definition in the direction of least liquidity, then requotes are an inescapable fact of life that everyone has to deal with, from the busiest InterBank desks to the smallest retail trader.
The only current alternatives are DMA Pro accounts in which orders are sent on a Fill or Kill basis where although you can avoid requotes, the risk is not getting a trade in (or out) at your preferred price at all.
Alex
________
Alexander Chadwick
Alpari (UK) Representative
Re: Re: Re: Re: What's the story with Alpari?
Quote from amazingIndustry:
fuxx you, I can only say to this!!! You guys are the reason I try to keep unassuming newbies informed. Not a single sentence in which you do not make incorrect assumptions, outright lies, and misleading statements.
a) Requotes have not been around since bucket shop fx brokers (like yours) started paddling their wares at 500:1 leverage and minimum 1 USD trade size and other nice "features" to pull money out of beginners' pockets faster than the speed of light. There were no re-quotes in other asset classes, it all started when fx hit high street.
b) There are NO requotes when trading with ECNs. Interactive Brokers (I trade with them for over 15 years now) does not requote, you see a price on the screen and that is what you pay. In fast moving market right when news hit there may be slippage which is unavoidable but generally you even have price improvement over the stated bid and ask. So don't make up stories how market participants have to accept your grey zone schemes!!!
c) Your quote: "The only current alternatives are DMA Pro accounts in which orders are sent on a Fill or Kill basis where although you can avoid requotes, the risk is not getting a trade in (or out) at your preferred price at all."
AGAIN, a BLATANT lie: You dont need any PRO account (what is that anyway, the translation of Russion VIP???) to get straight pass through, I mentioned IB, there is MB Trading, there are a number other brokers that offer STP, and then you can trade directly through Hotspot, Currenex or other ECNs given you satisfy their account opening requirements.
People like you make me puke because you disseminate misleading statements and lies and pretend everyone is as shady as you!!! Shame on you!!!
__________________
Trading is very easy job with automation.
: What's the story with Alpari?
Quote from amazingIndustry:
You Alpari guys are the reason I try to keep unassuming newbies informed. Not a single sentence in which you do not make incorrect assumptions, outright lies, and misleading statements.
People like you make me puke because you disseminate misleading statements and lies and pretend everyone is as shady as you......!!! Shame on you!!!
__________________
the world is so certain yet i walk on thin ice.
Re: : What's the story with Alpari?
don't you have an eel to eat?
Quote from shopster:
ever notice everyone in the red army is named alex, vlad or sergei...........
just the way it is......
s
Quote from shopster:
hence the re quotes........
the Aussie's just toss them into the liquidity pool and crack open a Foster's.
s
Re: Re: Re: Re: What's the story with Alpari?
Quote from amazingIndustry:
b) There are NO requotes when trading with ECNs. Interactive Brokers (I trade with them for over 15 years now)
Re: Re: Re: Re: Re: What's the story with Alpari?
that is completely factually incorrect. As often, brother Atticus, as soon as you overstep your options boundaries you start to get on very slippery ground and funnily you often can't help but start flaming.
IB has offered trading to institutional clients for more than 15 years (12 years at the very least to retail). In fact IB is so well established it is setup with most credit officers at large trading houses so that opening an account with IB is pretty straight forward, and give-ups are not taking much longer to setup. But one thing I should maybe be more accurate about : While I trade with IB for 15 years now, I traded fx on their platform for a lot shorter, still many years by now.
Atticus, you really should not sniff on everyone's ass and rather focus on work, especially when you wrongly accuse others...enough said and I won't reply to any more of your factually incorrect statements. Anyone can do a little research to figure out that IB offered trading through them more than 15 years ago.
Quote from atticus:
That's amazing, as IB took their first client in March of '99 (late '98 for SP futs). 15 years, eh? You sir, are full of shit.
Re: Re: Re: Re: Re: Re: What's the story with Alpari?
Quote from amazingIndustry:
that is completely factually incorrect. As often, brother Atticus, as soon as you overstep your options boundaries you start to get on very slippery ground and funnily you often can't help but start flaming.
IB has offered trading to institutional clients for more than 15 years (12 years at the very least to retail). In fact IB is so well established it is setup with most credit officers at large trading houses so that opening an account with IB is pretty straight forward, and give-ups are not taking much longer to setup. But one thing I should maybe be more accurate about : While I trade with IB for 15 years now, I traded fx on their platform for a lot shorter, still many years by now.
Atticus, you really should not sniff on everyone's ass and rather focus on work, especially when you wrongly accuse others...enough said and I won't reply to any more of your factually incorrect statements. Anyone can do a little research to figure out that IB offered trading through them more than 15 years ago.
Re: Re: Re: Re: Re: Re: Re: What's the story with Alpari?
no atticus, you enjoy attacking others for whatever reason and even now you provide no backup whatsoever for your false accusations. Back up your claims or close your mouth. Anything else makes you look stupid!!!
Quote from atticus:
You're completely and laughably FOS. Just as you are when you state that you put my nick on ignore.
Clown shoes.
Re: Re: Re: Re: Re: Re: Re: Re: What's the story with Alpari?
Quote from amazingIndustry:
no atticus, you enjoy attacking others for whatever reason and even now you provide no backup whatsoever for your false accusations. Back up your claims or close your mouth. Anything else makes you look stupid!!!
Re: Re: Re: Re: Re: Re: Re: Re: Re: What's the story with Alpari?
You are still factually incorrect. IB started offering the clearing of ONLINE RETAIL trades in 1998. You are stalking me, you check out this link
(http://www.interactivebrokers.com/e...about/about.php)
...but you simply cannot accept there are people out there who may have a little more experience under their belt than you and who may have worked as market makers and/or submitted phone-in/bbg chat orders to IB's institutional desk as part of their trading counter party lineup.
Atticus, I respect you for your insight into options but aside this field you come across as a know-it-all who loves to accuse and flame without backup. I backed up my outrage vs Alpari, I backed up my claims on the programming side, and the above link clearly states that IB has traded with clients prior 1998, they started online trading post that. Whether you believe anything I said beyond that or not is up to you and honestly, I DONT CARE WHAT YOU BELIEVE. But I expose you for an arrogant and cheap liar when you come here to falsely accuse me. You are barking up the wrong tree here.
And NO, I do not engage in any bets or flaming with you. Call up IB to verify when they started taking client orders if you have such a hard time believing it.
Quote from atticus:
Numbnuts, I have the dates.... and they were not taking clients, of any kind, prior to '99 in equities and late-98 in futures.
You ignore button est kaput, Mr. MIS-guy?
Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: What's the story with Alpari?
Quote from amazingIndustry:
You are still factually incorrect. IB started offering the clearing of ONLINE RETAIL trades in 1998. You are stalking me, you check out this link
(http://www.interactivebrokers.com/e...about/about.php)
...but you simply cannot accept there are people out there who may have a little more experience under their belt than you and who may have worked as market makers and/or submitted phone-in/bbg chat orders to IB's institutional desk as part of their trading counter party lineup.
Atticus, I respect you for your insight into options but aside this field you come across as a know-it-all who loves to accuse and flame without backup. I backed up my outrage vs Alpari, I backed up my claims on the programming side, and the above link clearly states that IB has traded with clients prior 1998, they started online trading post that. Whether you believe anything I said beyond that or not is up to you and honestly, I DONT CARE WHAT YOU BELIEVE. But I expose you for an arrogant and cheap liar when you come here to falsely accuse me. You are barking up the wrong tree here.
Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: What's the story with Alpari?
Quote from amazingIndustry:
And NO, I do not engage in any bets or flaming with you. Call up IB to verify when they started taking client orders if you have such a hard time believing it.
Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: What's the story with Alpari?
dude, you are really getting on my nerves. OK, sure I take your bet AFTER you produce a SINGLE STATEMENT, a SINGLE PnL SHEET after your HUNDREDS of BS statements in your 8500(!!!!) posts (lol, thats about 5 posts EVERY SINGLE DAY OVER THE PAST 5 years). Many other users have asked you after you flamed around and accused countless others. Show all of us something, just one single statement. After that we can talk bet. But before that I think its time now for you to shut up and eat humble pie.
Quote from atticus:
Where have I lied? You're on the record stating that you put me on ignore. So take the low-hanging fruit and accept the wager, you skieve.
Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: What's the story with Alpari?
Quote from amazingIndustry:
dude, you are really getting on my nerves. OK, sure I take your bet AFTER you produce a SINGLE STATEMENT, a SINGLE PnL SHEET after your HUNDREDS of BS statements in your 8500(!!!!) posts (lol, thats about 5 posts EVERY SINGLE DAY OVER THE PAST 5 years). Many other users have asked you after you flamed around and accused countless others. Show all of us something, just one single statement. After that we can talk bet. But before that I think its time now for you to shut up and eat humble pie.
Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: What's the story with Alpari?
oh, so more than 8500 statements, WOW!!! You must be paid by ET to simply post or you must me Mr. Magic, trading the way you say you do, posting as if there is no tomorrow and then throwing around with shit. Like a true monkey.
Have you called up IB by now to verify?
Quote from atticus:
Bitch, stop whining and actually put me on IGNORE.
I don't negotiate terms ex post facto and I have posted dozens of statements on this site. Actual *IB* statements under this handle and by riskarb.
Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: What's the story with Alpari?
Quote from amazingIndustry:
oh, so more than 8500 statements, WOW!!! You must be paid by ET to simply post or you must me Mr. Magic, trading the way you say you do, posting as if there is no tomorrow and then throwing around with shit. Like a true monkey.
Have you called up IB by now to verify?
Quote from amazingIndustry:
you are an immature fella nothing more, on my ignore.
Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: What's the story with Alpari?
great logic. And I end my participation in this pointless exchange for now. I made my case clear, if others want to find out how long IB is in the business as active broker (not just market maker) then I pointed them to the resources.
And for the record, if I want to engage with you again in the future I reserve the right to do so. If I want to put you on ignore I have the right to do so, if I want to take you off ignore I also reserve the freedom to do so. No matter what you think, no matter what you say. Hope this is clear to someone even as thick as you.
And thanks for high jacking this thread as you did with countless others. My point was to warn newbies not to believe that requotes are a necessary part of trading foreign exchange. You are an idiot, making the work of those few who still care about others so much harder.
Quote from atticus:
lol I won't need to pick up the phone as I know you're full of shit.
Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: What's the story with Alpari?
Quote from amazingIndustry:
great logic. And I end my participation in this pointless exchange for now. I made my case clear, if others want to find out how long IB is in the business as active broker (not just market maker) then I pointed them to the resources.
And for the record, if I want to engage with you again in the future I reserve the right to do so. If I want to put you on ignore I have the right to do so, if I want to take you off ignore I also reserve the freedom to do so. No matter what you think, no matter what you say? Hope this is clear to someone even as thick as you.
Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: What's the story with Alpari?
lol, you really are a little thick...or...drunk. I never had a "stance" nor changed a "stance". How else can I see your message and reply to it other than taking you off ignore. I thought that was apparent to you since you read my first reply to your post. LOL. Enough said.
Quote from atticus:
You really need to change your pad. Heavy flow.
So now your stance is that you took me OFF ignore? You're sweet on me again?
So are we on for the $10k? $100k?
Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: What's the story with Alpari?
Quote from amazingIndustry:
great logic. And I end my participation in this pointless exchange for now.
Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: What's the story with Alpari
Quote from amazingIndustry:
lol, you really are a little thick...or...drunk. I never had a "stance" nor changed a "stance". How else can I see your message and reply to it other than taking you off ignore. I thought that was apparent to you since you read my first reply to your post. LOL. Enough said.
Re: Re: Re: Re: What's the story with Alpari?
Quote from amazingIndustry:
fuxx you, I can only say to this!!! You guys are the reason I try to keep unassuming newbies informed. Not a single sentence in which you do not make incorrect assumptions, outright lies, and misleading statements.
a) Requotes have not been around since bucket shop fx brokers (like yours) started paddling their wares at 500:1 leverage and minimum 1 USD trade size and other nice "features" to pull money out of beginners' pockets faster than the speed of light. There were no re-quotes in other asset classes, it all started when fx hit high street.
b) There are NO requotes when trading with ECNs. Interactive Brokers (I trade with them for over 15 years now) does not requote, you see a price on the screen and that is what you pay. In fast moving market right when news hit there may be slippage which is unavoidable but generally you even have price improvement over the stated bid and ask. So don't make up stories how market participants have to accept your grey zone schemes!!!
c) Your quote: "The only current alternatives are DMA Pro accounts in which orders are sent on a Fill or Kill basis where although you can avoid requotes, the risk is not getting a trade in (or out) at your preferred price at all."
AGAIN, a BLATANT lie: You dont need any PRO account (what is that anyway, the translation of Russion VIP???) to get straight pass through, I mentioned IB, there is MB Trading, there are a number other brokers that offer STP, and then you can trade directly through Hotspot, Currenex or other ECNs given you satisfy their account opening requirements.
People like you make me puke because you disseminate misleading statements and lies and pretend everyone is as shady as you!!! Shame on you!!!
Re: Re: Re: Re: Re: What's the story with Alpari?
Alex,
Sorry but I could not disagree more. You make it sound like as if markets are static and prices only change infrequently. I am not surprised because after all you and other "retail" brokers make your own markets, so to speak (spikes appear where there never were any, stops are run at levels where the larger market never traded and such forth).
Whatever price feed you provide to your clients, as a matter of fact fx quotes in the general market (general = consolidated price feed that is generated by ECNs or inhouse consolidation engines that encompass many liquidity providers) do change ALL THE TIME, pretty much EVERY second. So, you are arguing that you would have to re-quote each and every single time. Of course that is not the case but you only re-quote when the market goes against your dealing desk, the other times you are more than happy to fill the client's order. Or are you denying that your main broker operations are not taking the other side of your client's order, thus that your interest is directly opposed to the client's interest?
You are blaming latency of data feeds on you re-quoting? Shame on you. Alex, the truth is that you and many other fx "bucket" shops are still trading against clients and make a handsome living off that fact. Some of the bucket shops now offer in addition to their "re-quote, stop hunting" engines a so-called non-dealing desk price feed, where you claim you simply pass along your liquidity provider's prices and fills. That may be true but I argued in length before generally it is the norm that "once bucket shop, always bucket shop" for the following reason: As a matter of fact FXCM and a number others who advertise to offer straight through processing engines do exact that EXCEPT that they now sleep in the same bed with their liquidity providers. Instead of you generating horribly bad/delayed fills, stop-hunts, artificial price spikes at levels where most liquidity never ever traded you now passed that job on to the liquidity providers who happy take over the nest-eggs, and in return partly reimburse you for your generosity through various kickbacks. I am not arguing with you about anything of the above because this is fact and everyone worth his salt and who has traded foreign exchange for several years knows perfectly well about this!!!
Why I still respond to your factually incorrect post is because here is my ADVISE TO NEWBIES OR THOSE WHO WANT TO GET TO AN AS-FAIR-AS-POSSIBLE MARKETPLACE:
-> Trade with brokers who strictly do not take risk and/or positions within the same entity than you are dealing with. NO EXCEPTIONS. Such brokers either maintain an in-house consolidation feed, where they stream the best bid/offers of all their liquidity providers to the client or brokers who offer access to ECNs. It will be well worth a little fortune in following this advise.
A telling sign is that the broker charges commission for executing trades, anything else is a shady business model: Think about it, how else is the broker gonna earn money? Either he charges you a fair commission that you KNOW BEFOREHAND, or he is gonna cheat you out of pips here and there and trust me, that is gonna add up to a multiple to what you pay in commissions.
-> Do not trade with brokers who were numerous times sued by their clients or sanctioned by their regulatory bodies. SIMPLY DO NOT, even if they now "generously" offer a non-dealing desk model. Think about it: Do you trust a convicted rapist who lives in your neighborhood and do you knowingly let your kids play in the direct vicinity. The wrongdoing here is not comparable but please tell me that I am wrong if you do not feel you got raped when your "trusted" broker runs your stop that is 50 pips away from the general market, then argues that this is where the price was for a split second and when you later on try to verify the broker curiously remove the "spike", as if it never existed, in order to rid himself off any evidence.
Attack me as much as you want, Alex, I know you cannot admit the games your firm and other shady brokers play but the above is a fact, DO A SIMPLE GOOGLE SEARCH READ FOR A FEW MINUTES THROUGH THE MANY FILED COMPLAINTS WITH REGULATORY BODIES AGAINST MENTIONED BROKERS, then come back and tell me I lied or made up stories.
What I find hilarious, Alex, is that you dare to tell us how re-quotes are a function of changing prices as if changing prices are a surprise to you. No re-quotes are a function of the price GOING AGAINST YOUR DESK, NOTHING ELSE!!!
Edit: In anticipation of your next post, no need to say "sorry that you had such bad experience with your broker but we do not engage in such practices". Alpari DOES engage in such practices, would you like me to gather numerous posts, sanctions and suits against your firm? Should I start with the sanction issued by the UK FSA in regards to money laundering? Or where else would you like me to start???
Quote from Alpari UK:
Thank you for your reasoned and rationalised argument. It is however absolutely and unequivocally incorrect. Re-quotes have been around ever since the markets were allowed to float. At Alpari UK, we have staff who have been in the market for considerably longer than fifteen years. This was when fx trading was done via telex and phone brokers. When prices changed, re-quotes were given. The idea of a pc per desk was a pipedream at this time.
To avoid re-quotes you can opt for a Direct Market Access (DMA) account. We at Alpari (UK) refer to this as a Pro account. The basic difference here is that prices are not held static (for a few seconds) like non-DMA accounts, they constantly change. Consequently, the fill or kill orders. DMA accounts however do charge a commission (in lieu of spread) for each trade that you place.
To minimize re-quotes on non-DMA accounts:
1. "Enable the maximum deviation for quoted price" checkbox and set it above 10. This implies the max deviation is just 1 pip. To prevent re-quotes during volatile trading times, you may want to set the max deviation between 10 to 40 points (1 to 4 pips).
2. If you use an MT4 indicator to detect spread widening, please make sure that your indicator is configured for the 5 decimal pricing system that we use. Otherwise a 3 pip spread-widening will be shown as 30 pips by the indicator.
3. Another thing to consider is your internet connection to our servers. Test your latency by pinging the Alpari trading servers or just ping alpari.co.uk. If your latency is high (higher ms numbers), then this is one of the factor causing your orders to be re-quoted.
For example, let’s say a client is complaining about re-quotes. He gives us an account number and we pull the logs. We find that we received his order at let's say, 9:01:11 and sent the execution back at 9:01:12, so less than a second. He claims it took two minutes and was requoted. Now, his logs showed that the order was placed by him (manually) at 8:59:50. So, yes, assuming all timestamps are correct, that looks like 2 minutes, but we can clearly see that from the time it was received on our end until the time of execution it was barely only a second, hardly a bad time.
Traders in UK and Europe enjoy significantly lower latencies (hence higher speed execution) and experience almost no re-quotes (when maximum deviation setting is correct) than other traders usually in Asia, Australia, Africa or in countries where the internet is routed via proxies such as Saudi Arabia.
I can't really do much for someone that comes on this forum and presents baseless speculation as fact. We want to help. Please let us do so by providing any appropriate information to support@alpari.co.uk so that we can troubleshoot and address your concerns.
Alex
________
Alexander Chadwick
Alpari (UK) Representative
Re: Re: Re: Re: Re: Re: What's the story with Alpari?
Quote from amazingIndustry:
Alex,
Sorry but I could not disagree more. You make it sound like as if markets are static and prices only change infrequently. I am not surprised because after all you and other "retail" brokers make your own markets, so to speak (spikes appear where there never were any, stops are run at levels where the larger market never traded and such forth).
Whatever price feed you provide to your clients, as a matter of fact fx quotes in the general market (general = consolidated price feed that is generated by ECNs or inhouse consolidation engines that encompass many liquidity providers) do change ALL THE TIME, pretty much EVERY second. So, you are arguing that you would have to re-quote each and every single time. Of course that is not the case but you only re-quote when the market goes against your dealing desk, the other times you are more than happy to fill the client's order. Or are you denying that your main broker operations are not taking the other side of your client's order, thus that your interest is directly opposed to the client's interest?
You are blaming latency of data feeds on you re-quoting? Shame on you. Alex, the truth is that you and many other fx "bucket" shops are still trading against clients and make a handsome living off that fact. Some of the bucket shops now offer in addition to their "re-quote, stop hunting" engines a so-called non-dealing desk price feed, where you claim you simply pass along your liquidity provider's prices and fills. That may be true but I argued in length before generally it is the norm that "once bucket shop, always bucket shop" for the following reason: As a matter of fact FXCM and a number others who advertise to offer straight through processing engines do exact that EXCEPT that they now sleep in the same bed with their liquidity providers. Instead of you generating horribly bad/delayed fills, stop-hunts, artificial price spikes at levels where most liquidity never ever traded you now passed that job on to the liquidity providers who happy take over the nest-eggs, and in return partly reimburse you for your generosity through various kickbacks. I am not arguing with you about anything of the above because this is fact and everyone worth his salt and who has traded foreign exchange for several years knows perfectly well about this!!!
Why I still respond to your factually incorrect post is because here is my ADVISE TO NEWBIES OR THOSE WHO WANT TO GET TO AN AS-FAIR-AS-POSSIBLE MARKETPLACE:
-> Trade with brokers who strictly do not take risk and/or positions within the same entity than you are dealing with. NO EXCEPTIONS. Such brokers either maintain an in-house consolidation feed, where they stream the best bid/offers of all their liquidity providers to the client or brokers who offer access to ECNs. It will be well worth a little fortune in following this advise.
A telling sign is that the broker charges commission for executing trades, anything else is a shady business model: Think about it, how else is the broker gonna earn money? Either he charges you a fair commission that you KNOW BEFOREHAND, or he is gonna cheat you out of pips here and there and trust me, that is gonna add up to a multiple to what you pay in commissions.
-> Do not trade with brokers who were numerous times sued by their clients or sanctioned by their regulatory bodies. SIMPLY DO NOT, even if they now "generously" offer a non-dealing desk model. Think about it: Do you trust a convicted rapist who lives in your neighborhood and do you knowingly let your kids play in the direct vicinity. The wrongdoing here is not comparable but please tell me that I am wrong if you do not feel you got raped when your "trusted" broker runs your stop that is 50 pips away from the general market, then argues that this is where the price was for a split second and when you later on try to verify the broker curiously remove the "spike", as if it never existed, in order to rid himself off any evidence.
Attack me as much as you want, Alex, I know you cannot admit the games your firm and other shady brokers play but the above is a fact, DO A SIMPLE GOOGLE SEARCH READ FOR A FEW MINUTES THROUGH THE MANY FILED COMPLAINTS WITH REGULATORY BODIES AGAINST MENTIONED BROKERS, then come back and tell me I lied or made up stories.
What I find hilarious, Alex, is that you dare to tell us how re-quotes are a function of changing prices as if changing prices are a surprise to you. No re-quotes are a function of the price GOING AGAINST YOUR DESK, NOTHING ELSE!!!
Edit: In anticipation of your next post, no need to say "sorry that you had such bad experience with your broker but we do not engage in such practices". Alpari DOES engage in such practices, would you like me to gather numerous posts, sanctions and suits against your firm? Should I start with the sanction issued by the UK FSA in regards to money laundering? Or where else would you like me to start???
Re: Re: Re: Re: Re: Re: Re: What's the story with Alpari?
how is this baseless?
http://www.fsa.gov.uk/pubs/final/alpari.pdf
those reviews look interesting (of course the negative ratings must be written by competing brokers right?):
http://www.100forexbrokers.com/revi...tings/alpari-uk
I just try to encourage beginners to perform thorough research regarding various brokers, either through NFA, CFTC, or simply reading other clients' reviews. It speaks for itself and is anything but baseless.
Quote from Alpari UK:
Thank you for your reply.
I've answered the only specific question you had regarding re-quotes. However, discussions around baseless claims are not something I wish to participate in any further here.
Should you have any other specifics you would like to discuss, please email our support team at support@alpari.co.uk . We will be happy to help in any way we can.
I wish you all the best with your trading.
Alex
________
Alexander Chadwick
Alpari (UK) Representative
Re: Re: Re: Re: Re: What's the story with Alpari?
To correct you, IB took their first client orders in 1995 (IB rep here at ET confirmed that), and I double checked I posted my first orders with IB's desk in 1997 which is about 15 years ago (a little less to be precise).
Quote from atticus:
That's amazing, as IB took their first client in March of '99 (late '98 for SP futs). 15 years, eh? You sir, are full of shit.
Re: Re: Re: Re: Re: Re: Re: Re: What's the story with Alpari?
Quote from amazingIndustry:
how is this baseless?
http://www.fsa.gov.uk/pubs/final/alpari.pdf
those reviews look interesting (of course the negative ratings must be written by competing brokers right?):
http://www.100forexbrokers.com/revi...tings/alpari-uk
I just try to encourage beginners to perform thorough research regarding various brokers, either through NFA, CFTC, or simply reading other clients' reviews. It speaks for itself and is anything but baseless.
Important News for MT4 Users
From 1 June 2012, MetaQuotes, the provider of the MetaTrader 4 platform, will cease providing support for MT4 terminals earlier than build 416.
According to MetaQuotes, client terminals below build 416 will not be able to connect to trade servers which means that updates and trading will be disabled.
How do I know if I need to upgrade?
If you're not sure whether you need to upgrade or not, it's easy to find out which version you are using:
• Go to the "Help" menu in the MT4 toolbar
• Select "About"
• The build number is noted in the left hand side of the "About" window
• If you see a build number lower than 416, you will need to upgrade
Upgrading is simple
If you do need to upgrade, you can quickly download the latest version of Metatrader 4.
________
Alexander Chadwick
Alpari (UK) Representative
Changes to trading times for Monday 28th May 2012 – Memorial Day (US Bank Holiday)
Please be aware that due to the forthcoming Memorial Bank Holiday trading times for our Equity, Commodity & Index (CFD) products will be affected. All FX products including Gold & Silver Spot & futures will trade normal hours on Monday 28th May.
Commodity & Index trading times for Monday 28th May are listed below:
________
Alexander Chadwick
Alpari (UK) Representative
Re: Changes to trading times for Monday 28th May 2012 – Memorial Day (US Bank Holiday)
Quote from Alpari UK:
Please be aware that due to the forthcoming Memorial Bank Holiday trading times for our Equity, Commodity & Index (CFD) products will be affected. All FX products including Gold & Silver Spot & futures will trade normal hours on Monday 28th May.
Commodity & Index trading times for Monday 28th May are listed below:
________
Alexander Chadwick
Alpari (UK) Representative
Re: Re: Changes to trading times for Monday 28th May 2012 – Memorial Day (US Bank Holiday)
lol, do not get your hopes up. The truth is this is a bucket shop which pulls out money of peoples' pockets by striking as far deep in the grey zone matter as legally allowed. I would not consider them for one second if I were you. I know your question was rhetorical and we of course are all curious to hear Alpari's feedback.
Quote from siki13:
Requotes=instantly profitable trades not getting trough(countless opportunity potentially lost)
Can you please explain what am i getting in return for for this handicap ,
because there are numerous brokers out there that for decades are not
requoting their clients.
So there must be some big advantages i would get from you that those other brokers are not offering otherwise this doesn't make any sense.
Can you please list them ?
Thanks.
Re: Re: Changes to trading times for Monday 28th May 2012 – Memorial Day (US Bank Holiday)
Quote from siki13:
Requotes=instantly profitable trades not getting trough(countless opportunity potentially lost)
Can you please explain what am i getting in return for for this handicap ,
because there are numerous brokers out there that for decades are not
requoting their clients.
So there must be some big advantages i would get from you that those other brokers are not offering otherwise this doesn't make any sense.
Can you please list them ?
Thanks.
Quote from amazingIndustry:
lol, do not get your hopes up. The truth is this is a bucket shop which pulls out money of peoples' pockets by striking as far deep in the grey zone matter as legally allowed. I would not consider them for one second if I were you. I know your question was rhetorical and we of course are all curious to hear Alpari's feedback.
Re: Re: Re: Changes to trading times for Monday 28th May 2012 – Memorial Day (US Bank Holiday)
Quote from Alpari UK:
We have already addressed this matter earlier. For details, please click here.
For specifics on minimizing re-quotes on non-direct market access accounts, please click here.
________
Alexander Chadwick
Alpari (UK) Representative
Spring Bank Holiday & Queen’s Diamond Jubilee Bank Holiday
Please be aware that trading in the below products will be closed on 4th & 5th June 2012 due to the Spring bank holiday and the Queens Diamond Jubilee Bank Holiday being observed.
LSE – *.UK
FTSE 100 – UK100.
Normal trading hours will resume on Wednesday 6th June 2012.
________
Alexander Chadwick
Alpari (UK) Representative
Re: Re: Re: Re: Changes to trading times for Monday 28th May 2012 – Memorial Day (US Bank Holiday)
I doubt you or anyone else will ever get a satisfactory (even fair) answer out of those guys. Why? Simple, because there is no other explanation for still using re-quotes other than pure greed and pushing the envelope as much into the grey zone as possible. I think we warned newbies enough in this thread. If there are still people dumb enough to trade with Alpari and for that matter any of the fx bucket shops that engage in such shady practices then I think they deserve it.
I do not want to waste more time and energy on idiots and morons, of which ET has its fair share. I want to help and support those who are eager and willing to learn and score somewhat above a certain iq floor, and I think they got the message. People like the Alpari sales guy would not feel ashamed of themselves even if they got the message, but I rest 100% assured that a time will come when they will realize that they wasted a big chunk of their life on cheating the unassuming and they will regret it later on. If not then I still know everyone will be judged according to their deeds. With this I rest my case.
Quote from siki13:
I`m not impressed with those explanations and you failed to give us one reason why would anyone in his right mind choose you over others who are not practicing with these shady tactics.
TBH it seams to me that you and your little firm live in some alternate bizarro world ,so just to do a little recap here for any wandering newbie ;
Requotes=Alpari UK rejecting instantly profitable trades < all others
4-5 June bank holiday trading hours
Dear Traders,
Please be aware that Monday, 4 June and Tuesday, 5 June 2012 are bank holidays in the UK.
Consequently, several departments at Alpari (UK) will be affected:
Dealing Desk: Fully operational Normal hours
Sales: Skeleton staff 09:00 – 17:00
Client Services: Skeleton staff 09:00 – 17:00
Account Opening: Skeleton staff 09:00 – 17:00
Partnerships: Skeleton staff 09:00 – 17:00
Back Office: Unavailable
Live chat will not be available during this period.
Normal working hours will resume on Wednesday, 6 June 2012.
________
Alexander Chadwick
Alpari (UK) Representative
Greek election on Sunday – high volatility expected in the markets
This Sunday, on 17 June 2012, the Greek voters will yet again go to the polls, trying to elect a new parliament that would be able to form a functional government. Essentially, it’s a vote between two options: Greece staying in the eurozone, or exiting. Whatever the outcome, please be aware that we may see big gaps when the Forex markets open on Sunday night, followed by high levels of volatility.
High volatility can create trading opportunities. This is not only expected to affect the euro but also other currencies around the world, therefore it can be beneficial to keep following the markets closely. Remember, the polls open in Greece on Sunday at 4:00 GMT (5:00 BST) and close at 16:00 GMT (17:00 BST), and speculation about the outcome will begin immediately after the initial results start coming in.
High volatility also increases risks, so it’s advisable to adjust your trading strategies to compensate for the market. Please also be aware that high volatility could trigger stop orders that you may have in place. If you don’t have any stops in place, we strongly suggest you apply them to limit your potential losses. High volatility may also result in significantly wider or tighter spreads. We advise you to check your open orders and positions and take necessary precautions.
Please also take a minute to read the risk management section of the Alpari (UK) website and take advantage of our wide range of research tools.
________
Alexander Chadwick
Alpari (UK) Representative
Re: Greek election on Sunday – high volatility expected in the markets
you should be able to make a killing off your customers this weekend, hunting all those stops even 30-50 pips away from ECN price feeds with your own "market" feed.
Your posts read like a warning "don't bitch when you wake up on Monday and your stop was taken out by US even broad market prices never traded".
Quote from Alpari UK:
This Sunday, on 17 June 2012, the Greek voters will yet again go to the polls, trying to elect a new parliament that would be able to form a functional government. Essentially, it’s a vote between two options: Greece staying in the eurozone, or exiting. Whatever the outcome, please be aware that we may see big gaps when the Forex markets open on Sunday night, followed by high levels of volatility.
High volatility can create trading opportunities. This is not only expected to affect the euro but also other currencies around the world, therefore it can be beneficial to keep following the markets closely. Remember, the polls open in Greece on Sunday at 4:00 GMT (5:00 BST) and close at 16:00 GMT (17:00 BST), and speculation about the outcome will begin immediately after the initial results start coming in.
High volatility also increases risks, so it’s advisable to adjust your trading strategies to compensate for the market. Please also be aware that high volatility could trigger stop orders that you may have in place. If you don’t have any stops in place, we strongly suggest you apply them to limit your potential losses. High volatility may also result in significantly wider or tighter spreads. We advise you to check your open orders and positions and take necessary precautions.
Please also take a minute to read the risk management section of the Alpari (UK) website and take advantage of our wide range of research tools.
________
Alexander Chadwick
Alpari (UK) Representative
Alpari (UK) extends no commission trading on ECN account
Alpari (UK) is happy to announce the extension of no commission trading on the MT5 ECN account until 1 October 2012.
For all trades opened and closed on the ECN account by 1 October, Alpari (UK) will charge no commission. From 2 October 2012 commission charges will apply.
On the Alpari (UK) ECN account, you can experience the brand new, feature-rich MetaTrader 5 (MT5) platform and take full advantage of non-dealing desk execution, market depth, one-click trading, 1:500 leverage and spreads from 0 with no re-quotes. You can choose from 34 currency pairs plus spot gold and silver. With MT5 you can apply your Expert Advisor (EA) strategies in a highly efficient way.
________
Alexander Chadwick
Alpari (UK) Representative
Re: Alpari (UK) extends no commission trading on ECN account
1:500 leverage, wow, you better close your clients' positions which are in deficit right away otherwise your whole shop will (not may) go belly up with one more flash crash...
Quote from Alpari UK:
Alpari (UK) is happy to announce the extension of no commission trading on the MT5 ECN account until 1 October 2012.
For all trades opened and closed on the ECN account by 1 October, Alpari (UK) will charge no commission. From 2 October 2012 commission charges will apply.
On the Alpari (UK) ECN account, you can experience the brand new, feature-rich MetaTrader 5 (MT5) platform and take full advantage of non-dealing desk execution, market depth, one-click trading, 1:500 leverage and spreads from 0 with no re-quotes. You can choose from 34 currency pairs plus spot gold and silver. With MT5 you can apply your Expert Advisor (EA) strategies in a highly efficient way.
________
Alexander Chadwick
Alpari (UK) Representative
US Independence Day trading hours
Dear Traders,
Please be aware that due to Independence Day in the United States on 4 July 2012, trading times for our index, share, commodity and energy CFD products as well as spot gold and silver will be affected.
All Forex products will trade normal hours.
Index, share, commodity and energy CFD products and spot gold and silver trading times for 3-5 July:
Normal trading hours will resume on 6 July 2012.
________
Alexander Chadwick
Alpari (UK) Representative
Re: What's the story with Alpari?
Quote from J-Law:
What's the story with Alpari? Yes, I know they sponsor the forum.
But, how do they rate?
Good, bad, Oooogly????
__________________
Trading is very easy job with automation.
Re: Re: What's the story with Alpari?
Quote from Tango 6 Alpha:
Another Retail FX Bucket Shop - pure and simple.
New minimum gold price increment improves pricing, tightens spreads
Alpari (UK) is pleased to announce a change to the minimum gold price increment from 5 US cents to 1 US cent (USD0.05 to USD0.01). This will provide traders with tighter spreads and improved depth of pricing when trading gold and silver against the US dollar.
At the same time, you will also notice that gold and silver quotes have changed with the addition of the third decimal. For the time being, this will not impact your trading* as the third decimal will always be zero.
What does this mean?
This means that the minimum price increment for gold is now USD0.010. For example, XAUUSD (gold against the US dollar) price movement would be 1615.120, 1615.130, 1615.140 etc.
The minimum silver price increment remains unchanged at USD0.010.
The minimum trade size for gold and silver also remains the same – 0.1 lots on Classic account and 0.01 lots on Micro accounts.
We're here to help
If you have any questions, please feel free to contact our Client Services team by phone +44 (0)20 7426 2900 or email support@alpari.co.uk.
*Some EAs may need to be adapted.
________
Alexander Chadwick
Alpari (UK) Representative
Prove your EA skills against the best in the world
Ready, steady, code. Alpari (UK), Platinum Sponsor of the Automated Trading Championship 2012, run by MetaQuotes, invites programmers to prove their EA skills against competitors from all over the world
Ready to make your mark? As a proud sponsor of the Automated Trading Championship 2012, Alpari (UK) invites all our MetaTrader clients to enter the contest, prove the effectiveness of your EA strategy and compete for a share of the USD 80,000 prize pot.
As a leading provider of the MetaTrader 4 and MetaTrader 5 platforms, Alpari understands the importance of initiatives that help programmers develop, publish and prove their EA strategies. The Automated Trading Championship is the perfect arena for EA programmers to make their mark.
To join the contest, just register and develop an Expert Advisor using MetaQuotes Language 5 (MQL5) for the new MetaTrader 5. Then watch the progress of your EA as it competes against entries from all over the world.
Prove the value of your EAs in front of a global audience
The competition runs from October 1st 2012, and ends on December 28th 2012. The programmer of the Expert Advisor that makes the largest positive profit will be crowned Automated Trading Champion 2012*.
Even if you don't win, this is a fantastic opportunity to prove your EA knowledge and demonstrate the value of your programming skills to a global audience. As well as other EA programmers, you'll be performing in front of the contest jury panel, which includes Andrey Vedikhin, one of the cofounders of the Alpari Group of Companies and Chairman of Alpari (UK).
Ready to take part? Deadline for registration is September 21. For more information and the latest news on the competition visit the Automated Trading Championship website.
Find out more about expert advisors
*The rules of the automated trading championship 2012
Disclaimer: This Automated Trading Championship (the “Championship”) is organised and run by MetaQuotes, and Alpari UK acts only as a sponsor of the Championship. All terms and conditions relating to the Championship are prepared by MetaQuotes, and Alpari (UK) bears no responsibility for those terms.
________
Alexander Chadwick
Alpari (UK) Representative
Trading Essentials webinar series
Sign up to our webinar series
With Alpari (UK)’s Trading Essentials webinar series you can gain a fundamental understanding of a range of topics; from the basics of trading the Forex markets to what the global economic crisis means for your trades. Presented by our Chief Market Analyst, James Hughes this series of four webinars will equip you with the knowledge you need to make better informed trading decisions.
Details of the individual webinars and how to sign up are below.
1. Introduction to Forex
The first webinar in the series will give you all the basic information you need when starting out in Forex trading, looking at how to use margin and leverage and basic trading strategies.
Wednesday 26th September 12 – 1pm
Sign up
2. How to trade the Global Crisis
This webinar will look at the origins of the global financial crisis and the issues in the Eurozone. It will also highlight what the crisis means for your trades and how keeping things simple is the best option.
Wednesday 3rd October 12 - 1pm
Sign up
3. MT4 Tutorial
This webinar will show you the basic mechanics of trading on the MetaTrader 4 platform looking at how to set up your layout, the charting package and an introduction to EAs.
Wednesday 10th October 12 – 1pm
Sign up
4. Introduction to Technical and Fundamental Analysis
The final webinar in the series will help you find out what to look for in economic releases and give you an understanding of some of the more basic technical indicators and oscillators.
Wednesday 17th October 12 – 1pm
Sign up
About James Hughes
James has 10 years experience in the financial services sector and is a well known market commentator appearing regularly in the financial media and on television channels such as the BBC, Sky News, CNBC and Bloomberg television. He also provides valuable insights and knowledge to clients through Alpari (UK)’s education and research programme.
All times are GMT. The time now is 02:07 PM.